Given the growth and insurance penetration that is forecast in India, I envision a high degree of growth of CPCU designation holders and Society members for years to come.
Malvern, PA (PRWEB) May 02, 2012
The CPCU Society Leadership Council unanimously approved the formation of an India CPCU Society Chapter at the Society Leadership Council meeting on April 25 in Miami. The India CPCU Society Chapter is the fifth international CPCU Society Chapter in addition to Bermuda, Europe, Japan and South Korea. The CPCU Society now has two Chapters that fall within the Goldman Sachs BRIC (Brazil, Russia, India and China) and MIST (Mexico, Indonesia, South Korea and Turkey) emerging market indices, as well as three Chapters in the highly developed insurance markets of Bermuda, Europe and Japan.
This historic move by the Society Leadership Council recognizes the effective professional development contributions of countless Human Resource and Learning & Development groups across India and over time. By expanding its international footprint, the CPCU Society is now better positioned to partner with its current and future Indian members in creating a strong foundation from which to grow technical knowledge and professional development within India.
“This initiative culminates months of hard work by CPCU Society staff, volunteers, CPCUs in India, and other insurance professionals based in India, who have been working with a singular focus to formally coalesce the growing CPCU community of India into a formal Chapter,” said Steve McElhiney, CPCU, president and chairman of the CPCU Society. “Given the growth and insurance penetration that is forecast in India, I envision a high degree of growth of CPCU designation holders and Society members for years to come. We eagerly welcome this new Chapter and look forward to their many contributions to the CPCU Society, to their operating companies, and to the industry as a whole.”
About the CPCU Society
The CPCU Society is a community of credentialed insurance professionals who promote excellence through ethical behavior and continuing education. The Society's nearly 25,000 members hold the Chartered Property Casualty Underwriter (CPCU®) designation, which requires passing eight rigorous examinations, meeting industry experience requirements, and agreeing to be bound by a strict code of professional ethics. The CPCU Society is affiliated with The Institutes, the leader in delivering proven knowledge solutions that drive powerful business results for the risk management and property-casualty insurance industry. The CPCU designation is conferred by The Institutes. More information about the CPCU Society is available at http://www.cpcusociety.org.